CMB is aimed at supplying local enterprenours with a way to exchangegoods within a p2p-network, without using money or any other currency,overcoming the "double coincidence of wants" problem, inherent totraditional barter.

One thing that distinguishes CMB from other "credit commons" is that alldebts in CMB are person-to-person debts. There is no centralpolitical/administrative unit to decide who deserves to be trusted andwho does not. Because of this, CMB should be able to scale-up very well,so that local communities can be seamlessly aggregated into larger ones.

CMB allows everybody to issue their own trade-backed currencies, whichothers can use to pay each other with. So, one way of thinking of it isas a "multi-LETS", plus there is a open market place for exchanging onecurrency for another (via circular trade).

Here are some of the advantages that CMB offers compared to traditionalapproaches:

* Traditional approaches (fiat money, barter dollars, LETS points)unfortunately blend social trust into a fragile system of collectivizedcredit. CMB makes it possible for individuals to use their own judgementin choosing whom they are willing to trust. That is: you supply productsto customers who trust you, and you receive products from partners whomyou trust.

* CMB does not suffer the double coincidence of wants problem. Thetrader you deliver goods to and the trader you obtain what you need fromdo not need to be the same person, so there is much more flexibility forarranging trades.

* CMB allows virtual money to circulate at infinite velocity so that noreal money is actually needed. That is: trading is not limited by theglobal scarcity of money or any other commodity.

* CMB uses money solely as a standard of value for a short period oftime (typically a day). Thus CMB is insusceptible to changes in thevalue of money.